The building, which is located at 300 Carlsbad Village, was 98.4% occupied at the time of sale. The property was sold by Carlsbad Village Faire, of Rolling Hills Estates.
Kevin Shannon of Grubb & Ellis' South Bay office and Jeff Hanson and Gregg Herbert of the company's Newport Beach office represented the buyer and the seller in the transaction.
Kevin Shannon has been a busy broker for Grubb & Ellis, having just represented the seller $14.5 million transaction for the Park Tower in Ocean Beach.
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